TriGranit teams up with Heitman in Zagreb on Arena

TriGranit has done a deal with Heitman European Property Partners IV under which both sides will own 50% of Arena Centar Shopping Center in Zagreb. The 60,000 sqm mall opened in November last year, and is currently 95% leased. It’s being hailed as the largest transaction in the region, and while no figure was released in the announcement, TriGranit’s CEO Árpád Török claimed at the center’s opening that it represented a total investment of €350m (the total for this transaction however appears to have been somewhat lower).

The top retailers in the mall are in the usual suspects list for the region, including Zara, Gap, Apple Stores, Esprit, and Swarovski. Heitman was represented by Cushman & Wakefield in the transaction.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s